The details of Higgins' plans weren't provided, but the article did refer to the difficulties some developers face when working with the program. As we've noted in the past, the historic tax credit program is not easy to work with, but it's the only significant incentive currently available for historic rehabs. We're glad to see some federal attention to the issue, especially as New York continues to evaluate the effectiveness of its own historic tax credit program.

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Preservation Exchange is a place where you can exchange new ideas about saving old buildings. Content is provided by members of Preservation Studios, a full-service historic preservation consulting firm based in Buffalo, NY. Since 2002, we have advised property owners, developers and municipalities pursuing historic preservation and rehabilitation projects.